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Peter Equipment Toys must decide the course of action to follow in promoting a new whistling yo-yo. Initially, management must decide whether to market the yo-yo or to conduct a test marketing program. After test marketing the yo-yo, management must decide whether to abandon it or nationally distribute. A national success will increase profits by $500,000, and a failure will reduce profits by $100,000. Abandoning the product will not affect profits. The test marketing will cost Peter Equipment Toys a further $10,000. If no test marketing is conducted, the probability for a national success is judged to be 0.45. The assumed probability for a favorable test marketing result is 0.50. The conditional probability for national success given favorable test marketing is 0.80; for national success given unfavorable test results, it is 0.10. Construct the decision tree diagram and perform backward induction analysis to determine the optimal course of action if a net change in profits is the expected payoff.
Find the fraction interms of LCM using given fraction - Evaluate the fraction in terms of LCM
Probability and chance A prison has 20 balls, 10 black and 10 white. The prisoner is to arrange the balls in 2 boxes. All of the balls must be used and there must be at least one ball in each box.
Suppose instead that the signal is being broadcast from the other side of the Milky Way Galaxy, about 70000 light-years away. How large a radio telescope would we need to detect this signal?
a man purchased some shares of stock for 1560. later, when the price had gone up 24 per share, he sold all but ten of them for 1520. how many shares had he bought?
A. Find an equation of a stright line passing through the points with coordinates (-1, 5) and (4, -2), giving your answer in the form ax + by + c = 0 , where a, b and c are integers.
From central parking it is 9/10 of a mile to the science building. Bob started at central parking and walked 1/5 of a mile toward the science building. He stopped for coffee.
Assume at the begining of the year you purchase an investment for 5,900 that pays 80 annual income. Also assume the investments value has increased to 6,500 by the end of the year.
A vertical cross section of a certain 3-dimensional solid is parallel to the base and forms a rectangle. The horizontal cross section is perpendicular to the base and is also a rectangle. Name the 3-dimensional solid.
write a c++ program that will calculate the mean and the standard deviation. ask the user how many numbers they want to enter. then let the user enter them. finally calculate the mean and standard deviation and show the results on the screen.
The height , y meters, of an emergency flare fired upward from a small boat can by modelled by the function y= -5(x-4)squared+80, where x seconds is the time since flare was fired.
If f is a reimann integrable function on [a,b], and if [c,d] is a subset of [a,b], prove that f is reimann integrable on [c,d] hint: if P is any partition of [c,d], P can be extended to a partition P* of [a,b] with ||P*||
Suppose a bullet is fired on a distant planet so that its height (in feet) after t seconds is given by h=-4t2 + 16t +5. The 2 in 4t2 is a small 2, but I don't know how to do that with my keyboard.
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